🚹 SPCX SHORTS ARE GETTING TRAPPED ABOVE $176!

🟱 SHORT LIQUIDATED: $92.1K
📍 Liquidation Price: $176.30

Another short position just got wiped — and this one is happening right around a fresh momentum zone. ⚡

SPCX closed at $171.09 on Oct. 5 after ripping 7.63%, with a session high of $172.47. Pre-market trading on Oct. 6 was also above $173, showing buyers are still pressing the tape.

đŸ”„ THE BULL CASE

$176.30 → Immediate squeeze trigger
🚀 $180 → First psychological target
🎯 $185–$190 → Next expansion area
💎 $200 → Bigger momentum objective
đŸ›Ąïž $171–$173 → Near-term support
⚠ Below $170 → Squeeze momentum starts losing strength

📈 MY VIEW: BULLISH ABOVE $176

If SPCX can break $176.30, hold it, and build support above the level, I’d favor another upside leg toward $180 → $185, with $190 possible if short covering accelerates.

The backdrop remains supportive: Morgan Stanley has maintained an Overweight rating and a $300 target, while analysts are watching the upcoming Starship Flight 15 catalyst.

But don't confuse a squeeze with a guaranteed breakout.

❌ Failed breakout + loss of $171 = caution
✅ $176 reclaim + successful retest = momentum continuation

🎯 SIGNAL STRUCTURE:

Break $176.30 → Retest → Hold → $180 → $185+ 🚀

đŸ’„ $92.1K just disappeared from the short side.

Now the battlefield has shifted higher.

Can SPCX turn $176 into the launchpad for the next leg? đŸ‘€đŸ”„

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